BIBM Seeks Guidelines for AI-Based Security Measures in Banks

The Bangladesh Institute of Bank Management (BIBM) has emphasised greater investment, capacity building, and regulatory guidelines to assist banks in planning and implementing artificial intelligence (AI)-based security systems.

A survey conducted by BIBM revealed that most banks in Bangladesh are far from adopting AI in their cyber security operations, prompting these recommendations.

The survey findings were presented at a roundtable discussion held on Wednesday at the BIBM auditorium in the capital. BIBM Professor Md Shihab Uddin Khan presented the research. The event was graced by BIBM Executive Committee Chairman and Bangladesh Bank Deputy Governor Nurun Nahar as the chief guest.

According to the survey, nearly 70 percent of banks in the country have no automation (46 percent) or are at the planning stage (24 percent) for using AI in cyber security systems. This low rate indicates that the implementation of AI-based solutions remains at a very preliminary stage, with most banks adopting a cautious approach.

The report highlights limited maturity in AI application in this field. Only 27 percent of banks have achieved partial automation, typically limited to simple, repetitive security tasks.

Notably, only 3 percent of banks currently have fully automated AI systems.